This enactment amends the Companies’ Creditors Arrangement Act to exclude postsecondary educational institutions from the Act.

Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:

company means any company, corporation or legal person incorporated by or under an Act of Parliament or of the legislature of a province, any incorporated company having assets or doing business in Canada, wherever incorporated, and any income trust, but does not include

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  (a) postsecondary educational institutions that receive from a government or a municipality funds that are paid for the purpose of assisting them in the ongoing provision of educational services to the general public,

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• Insertion start (b) Insertion end  banks and authorized foreign banks within the meaning of section 2 of the Bank Act,

• Insertion start (c) Insertion end  telegraph companies,

• Insertion start (d) Insertion end  insurance companies, and

• Insertion start (e) Insertion end  companies to which the Trust and Loan Companies Act applies; (compagnie)